Awards recognise fresh perspectives
An investment analyst from MLC scooped the top award at the inaugural IFSA/Deloitte Future Leaders Awards announced yesterday in Sydney.
Myooran Mahalingam, whose entry proposed the introduction of compulsory investment return reporting on a past tax basis, has won a round the world air ticket and five nights accommodation in New York, where he will share his ideas with Deloitte’s global investment management leader Garry Moody.
The awards were started as a way to encourage people under 30-years-old to provide innovative and fresh perspectives to solving issues within the Australian wealth management industry.
In addition to the overall award, Mahalingam’s entry also won the inefficiencies category.
Michael Betts, senior financial adviser at Clearview Retirement Solutions, won the retirement incomes category and Melanie Pulis, compliance manager — wealth management at St George Bank, won the life insurance category.
“These young people certainly meet all our expectations as they tackled these difficult issues head on and proposed some innovative solutions,” Sarah Woodhouse, wealth management partner at Deloitte, said.
A total of 18 entries were received and assessed by a panel of judges that included Dennis Fox (Promina Financial Services), Doug McTaggart (QIC) and Paul Bedbrook (ING).
According to a Deloitte spokesperson, the awards have been “received very well” by members of the industry, and it looks likely they will be offered again in 2007.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
